In addition to estimated proved reserves, the Company estimates it had probable and possible reserves
of 355 MMBoe at December 31, 2014, for total 3P reserves of approximately 477 MMBoe.
Adding in the NPV10 value of the possible reserves
would take the total 3P value to $2.
Turkey's Directorate General of Mineral Research and Exploration (MTA) carried out a research on possible reserves
of Turkey, and said 77 of 90 different types of minerals traded in the world were located in Turkey.
184 ounces per ton will give the project a four-year life, with remaining possible reserves
extending production to 10 years.
Through Energen Resources Corporation, the company has approximately 750 million barrels of oil-equivalent proved, probable, and possible reserves
Adding in the NPV10% value of the possible reserves
would take the total 3P value to $1.
Another 164,000 tons of possible reserves
grading at .
Range has elected not to disclose the Company's probable and possible reserves
in its filings with the SEC.
Based on the report, estimates of Far East Energy's Proved, Probable and Possible Reserves
as of December 31, 2011 were as follows:
3 trillion cubic feet of proved, probable and possible reserves
to WPX," Hill added.
Antero estimates year-end 2011 proved, probable and possible reserves
Probable reserves include those additional reserves that a company believes are as likely as not to be recovered and possible reserves
include those additional reserves that are less certain to be recovered than probable reserves.